Short Interest in iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) Declines By 41.5%

iShares U.S. Healthcare Providers ETF (NYSEARCA:IHF) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 276,402 shares, a drop of 41.5% from the July 30th total of 472,446 shares. Based on an average trading volume of 535,854 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.2% of the company’s shares are short sold.

Hedge Funds Weigh In On iShares U.S. Healthcare Providers ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sather Financial Group Inc raised its holdings in iShares U.S. Healthcare Providers ETF by 11.9% during the 1st quarter. Sather Financial Group Inc now owns 1,017,415 shares of the company’s stock worth $42,579,000 after buying an additional 108,457 shares during the period. Royal Bank of Canada raised its holdings in shares of iShares U.S. Healthcare Providers ETF by 15.8% during the first quarter. Royal Bank of Canada now owns 574,425 shares of the company’s stock worth $24,040,000 after acquiring an additional 78,235 shares during the period. BNP Paribas Financial Markets acquired a new stake in shares of iShares U.S. Healthcare Providers ETF during the third quarter worth $24,695,000. Element Pointe Advisors LLC boosted its stake in iShares U.S. Healthcare Providers ETF by 9.6% in the 1st quarter. Element Pointe Advisors LLC now owns 444,622 shares of the company’s stock worth $18,607,000 after purchasing an additional 38,996 shares during the period. Finally, Bank of America Corp DE boosted its stake in iShares U.S. Healthcare Providers ETF by 9.2% in the 1st quarter. Bank of America Corp DE now owns 389,123 shares of the company’s stock worth $16,285,000 after purchasing an additional 32,889 shares during the period.

iShares U.S. Healthcare Providers ETF Stock Performance

Shares of iShares U.S. Healthcare Providers ETF stock opened at $57.43 on Wednesday. The firm has a fifty day moving average of $56.68 and a two-hundred day moving average of $50.58. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.41 and a beta of 0.72. iShares U.S. Healthcare Providers ETF has a 52 week low of $40.85 and a 52 week high of $58.30.

iShares U.S. Healthcare Providers ETF Company Profile

The iShares U.S. Healthcare Providers ETF (IHF) is an exchange-traded fund that mostly invests in health care equity. The fund tracks a cap-weighted index of US companies that provide healthcare services. IHF was launched on May 1, 2006 and is managed by BlackRock.